White House drops payroll tax cut after GOP allies object

AP ^ | July 23, 2020 | ANDREW TAYLOR and LISA MASCARO

[pepsi_junkie]

Trump says he dropped it because of democrat opposition. Article says it was GOP opposition. The truth? Same thing.

[trebb]

Or - stop spending the SS funds an then “replenishing” them...if they were a locked box deal, they’d be overflowing.

[Wuli]

Tell me why people who have not lost their jobs - have never been out of work during the whole “pandemic” - deserve, or need, a payroll tax cut? They don’t.

I am not in favor of a federal stimulus bill, we have enough federal debt already and should quit adding to it.

But recognizing majorities in Congress are going to disagree with me, then at least any “stimulus” should go to sectors in the economy - people and businesses - that are not now providing any “stimulus” in the economy because they are down - out of work, closed business, restricted business operations, those indirectly impacted negatively due to all four of those areas (for instance, indirectly, many in the “supply chain” industries though considered essential are hurt because many of their main clients have had their operations shut or restricted.

“Stimulus” should not be shot out like a blunderbuss of a shot gun - scattered hither and yon without direction. Stimulus should be targeted to where sectors of the economy - people and businesses - have been unable to provide their usual economic input, not to those whose economic input has been mostly sustained so far.

For instance, that means I would not give a dime to the banks or their Wall Street subsidiaries, to the tech giants or the telecom giants, or the retail giants, or Amazon or Fed Ex or UPS, unless and only on a per-employee basis for each employee they newly hire or rehire.

It also means I would not give a dime to any of us who have not lost a job and/or still have our retirement incomes.

With my kind of stimulus, the cost would be far less and the Dims would be shown as hypocrites for it would truly only go to those who have been most negatively affected, NOT to nearly everybody which would include millions who do not need it.